Flowserve CorporationRevenues down 1.6% but beat estimates by 0.9%; mixed results.
SPX Technologies reported second-quarter revenues of $679 million, up 22.9% year over year and beating analysts' expectations by 5.8%, making it the best performer among the 11 gas and liquid handling stocks tracked. The company also achieved the highest full-year guidance raise among its peers, and its stock has risen 12.2% since reporting to trade at $223.54. Parker-Hannifin posted revenues of $5.76 billion, up 9.8% year over year and exceeding estimates by 3.3%, with full-year EPS guidance also beating expectations. Graco was the slowest performer, with revenues of $590.6 million, up 3.3% year over year but missing estimates by 3%. Flowserve reported revenues of $1.17 billion, down 1.6% year over year but topping estimates by 0.9%, while IDEX posted revenues of $920.6 million, up 6.4% year over year and beating estimates by 1.7%.
Flowserve CorporationRevenues down 1.6% but beat estimates by 0.9%; mixed results.
Graco IncRevenues up 3.3% but missed estimates by 3%; slowest performer.
SPX CorpRevenues up 22.9% beat estimates by 5.8%; highest guidance raise; stock up 12.2%.
IDEX CorporationRevenues up 6.4% and beat estimates by 1.7%.
Parker-Hannifin CorporationRevenues up 9.8% and beat estimates by 3.3%; EPS guidance beat.